Submission of Letter of Offer pertaining to buyback of up to 40,00,000 fully paid-up equity shares having a face value of ?1/- (Rupees One only) each ('Equity Shares') of Sarla Performance ....
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Sarla Performance Fibers Limited has announced a buyback of up to 40 lakh fully paid-up equity shares (4.79% of outstanding shares) at ₹110 per share in cash. The total buyback size is up to ₹44 crore (₹44,00,00,000). The buyback represents 8.28% and 9.49% of the company's standalone and consolidated free reserves respectively, well within the 10% statutory limit. The record date was May 15, 2026, with the buyback window opening May 21 and closing May 27, 2026. All shareholders except the promoter group (who have chosen not to participate) are eligible. The entitlement ratio is 1 share for every 9 shares held, with 15% reserved for small shareholders.
Shareholders can tender up to 11.17% of their holdings at a significant premium to face value (₹1). The buyback signals management confidence in the company's intrinsic value and provides a liquidity event at ₹110 per share. Settlement will be completed by June 4, 2026.